2010 ZAR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2010.
2010 ZAR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2010
During 2010, the ZAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 23.0281. Conversely, the yearly low was recorded on May 25, dropping to 19.0351.
This high-to-low spread represents a total annual volatility of 3.9930 NGN. From a start-to-finish perspective, comparing the January average rate of 20.1519 to the December average rate of 22.3852, the exchange rate registered a net change of 11.08% (reflecting a strengthening trend).
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2010.
ZAR to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 20.0331, compared to 21.3171 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2841 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2010 was September, with a trading range of 1.5782 NGN (High: 22.2447 / Low: 20.6665). On the other end, August was the most stable month, with a tight range of 0.4169 NGN (High: 20.8860 / Low: 20.4691).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.6072 points.
Same-Month Historical Baseline
YoY BaselineHistorical data for the previous year (2009) is currently unavailable. Strongest month average for December 2010 is 22.3852.
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.4778 | 19.7383 | 20.1519 |
| February | 20.2538 | 19.4671 | 19.6824 |
| March | 20.6844 | 19.6199 | 20.2517 |
| April | 20.7310 | 20.1230 | 20.4774 |
| May | 20.5904 | 19.0351 | 19.8701 |
| June | 20.2659 | 19.4176 | 19.7649 |
| July | 20.5466 | 19.3726 | 19.9166 |
| August | 20.8860 | 20.4691 | 20.6364 |
| September | 22.2447 | 20.6665 | 21.3760 |
| October | 22.4096 | 21.3816 | 21.9937 |
| November | 22.1537 | 21.0857 | 21.5948 |
| December | 23.0281 | 21.5139 | 22.3852 |